More Thoughts on Libra

US lawmakers tell Facebook to halt the launch of its Libra cryptocurrency

This request was made by the House Financial Services Committee, led by Democrat Maxine Waters,.who is no doubt beholden financially to American banks, who do not want to be put out of business. 

They want to keep things the way they are, But Facebook and its many allies want things to move on. 

The smart thing to do is establish a new branch of the Federal government (like the FDA) that would regulate this new kind of money. 

Which is going to happen, one way or the other.